Authum Investment & Infrastructure Limited (BSE:539177) has emerged as the highest bidder for Reliance Home Finance Limited (BSE:540709), a group company of the debt ridden Anil Ambani-promoted Reliance Group, with INR 28.87 billion offer. As per the deal, sources said, lenders led by Bank of Baroda (BSE:532134) would receive INR 28.87 billion, of which INR 25.87 billion or 90% would be paid upfront and remaining INR 3 billion within a year. The voting on bids received for RHF resolution will end on June 19, 2021.
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Other stock markets
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5-day change | 1st Jan Change | ||
3.83 INR | -1.79% | -10.72% | -13.93% |
04-12 | Reliance Home Finance Limited Announces Board Cessations | CI |
03-11 | Reliance Home Finance Limited Announces Resignation of Ashish Turakhia as Non-Executive Director | CI |
Stocks mentioned in the article
Price
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Change
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5d. change
|
Capi.
| ||
---|---|---|---|---|---|
765 INR | -0.54% | -8.05% | 1.56B | ||
259 INR | +1.31% | -6.16% | 15.78B | ||
1st Jan change | Capi. | |
---|---|---|
-8.31% | 49.45B | |
-6.24% | 30.26B | |
+46.53% | 26.46B | |
+25.53% | 24.88B | |
+18.60% | 18.36B | |
+1.75% | 12.76B | |
+12.12% | 10.55B | |
+14.59% | 7.99B | |
-28.19% | 7.34B |
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- Authum Investment and Infrastructure Reportedly Emerges as Highest Bidder to Acquire Reliance Home Finance